Student ID and Prepaid Card Combined... Hana Bank Launches 'Aibuja Student ID Card'

Prepaid Card for Allowance Management Now Includes Student ID Function

[Asia Economy Reporter Minwoo Lee] Hana Bank is launching a prepaid card exclusively for students that can also be used as a student ID.

Hana Bank announced on the 11th that it has launched the 'Ibuja Student ID Card.' This card adds student ID functionality to the rechargeable prepaid card 'Ibuja Card' released in August last year.

The 'Ibuja Student ID Card' can be used at all credit card merchants nationwide within the allowance range received by children through the Generation Z-exclusive platform 'Ibuja' application (app). Children under 14 years old, including elementary school students, can apply, and it can be used without any annual fees or other charges. Mobile and online payments are also possible through the Hana Card OneQ Pay app. It can be used as a T-money prepaid transportation card for public transportation. However, usage is restricted in certain youth-harmful business sectors.

This allows children to develop planned spending habits, and parents can easily and safely give allowances and check transaction details through the 'Ibuja' app. Additionally, the amount spent by the child on the card is automatically reflected in income deductions during year-end tax settlements.

The student ID function of the Ibuja Student ID Card will first be provided to students of Handong Global School, a private school recognized for integrated elementary, middle, and high school education. A Hana Bank Digital Experience Headquarters official stated, "We plan to expand the target schools to elementary, middle, and high schools so that students can form proper financial habits through the Ibuja Student ID Card."

This content was produced with the assistance of AI translation services.